Chicago, Feb. 21, 2024 (GLOBE NEWSWIRE) — The global Industrial Networking Solutions (INS) Market size is projected to grow from USD 29.2 billion in 2023 to USD 73.3 billion by 2028, at a CAGR of 20.2% during the forecast period 2023 to 2028, according to a new report by MarketsandMarkets™.
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257 – Tables
47 – Figures
247 – Pages
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The Industrial Internet of Things (IIoT) is a key driver of industrial networking technologies. Connectivity and communication between machines, devices, and systems allow for real-time data monitoring and analysis, which leads to better decision-making and predictive maintenance.
The demand for wireless connectivity solutions in industrial settings is increasing. Technologies like Wi-Fi, Bluetooth, and Industrial Wireless are being deployed for more flexible and scalable industrial networking.
Industrial Networking Solutions (INS) Market Growth Dynamics:
Drivers:
Growing need for predictive maintenance
Increasing demand for SD-WAN solutions
Proliferation of wireless technologies in industry operations
Advent of data analytics and data processing
Increasing adoption of industry 4.0
Opportunities:
Growing integration of IIoT
Convergence of OT and IT
Restraints:
Data security and privacy concerns
Cost constraint
List of key players in Industrial Networking Solutions (INS) Market:
Cisco (US),
Juniper Networks (US),
Huawei (China),
Dell Technologies (US),
Rockwell Automation (US),
Eaton (Ireland),
Nokia (Finland),
HPE (US),
ABB (Switzerland),
Belden (US),
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By offering, the technologies segment is expected to grow with the highest CAGR during the forecast period
The technologies segment in the industrial …
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